Nav
Nav
Nav
Nav
Nav

426 17th Street

426 E. 17th Street,Long Beach, CA 90813

7

Unit

$1,750,000

Price

Property Details

Price Per Unit

$250,000

Price per SF

$403

Current Cap Rate

4.46%

Market Cap Rate

5.62%

Current GRM

13.77

Market GRM

11.70

426 17th Street

426 E. 17th Street,Long Beach, CA 90813

$1,750,000

Price

Property Details

Price per SF

$403

Price Per Unit

$250,000

Price per SF

$403

Current Cap Rate

4.46%

Market Cap Rate

5.62%

Unit

7

Current GRM

13.77

Market GRM

11.70

Description

426 E. 17th Street is a value-add investment asset located in Long Beach with seven units plus one non-conforming unit.

The courtyard-style property with gated entrance offers a unit mix consisting of (4) 1 BD/1 BA and (4) studios. There is onsite laundry and two garages on the property providing additional income.

The property is conveniently located within walking distance to public transportation along Long Beach Boulevard, which runs to Downtown Long Beach, and nearby to PCH, providing easy access to the 710 freeway.

426 E. 17th Street presents a new buyer with the opportunity to capture ±20% Gross income upside on existing rents. There is additional value add potential in permitting the non-conforming unit.

Highlights

  • Value-Add Opportunity with ±20% Rental Upside Potential
  • Desirable Mix of (4) 1 BD / 1 BA* and (4) Studio Units
  • Additional Upside Potential by Permitting the 8th Unit
  • Additional Income from Laundry, Parking and Storage

Map

Request More Info





    Terms of Use & Privacy Policy